A homeowner’s policy contains primary home liability which can be extended to other owned locations. It is important to note that an insurance policy is a conditional contract and attention must be paid to title and use of property. Without the correct insurance policy or applicable endorsement(s) there is a strong potential for a limitation or denial of coverage. At a minimum, for a policy to respond to a given claim situation, the policy Named insured must be consistent with the title of the property at time of loss, the purpose and use of the property must be consistent with the insuring company’s current understanding of the use and purpose, and the cause of loss must be a covered cause of loss. As titles, ownership and use are variables subject to change, it is important to note when such changes occur and determine corresponding changes to insurance policies.
For more info, please read Titles, Ownership and Named Insured – An Insurance Perspective